In practice, the piece rate for a particular completed task in an industrial setting is usually set by industrial engineers, who attempt through time-and-motion studies to determine how many pieces N a standard employee, working at a standard pace, can produce in one hour. A standard hourly wage rate W for the employee will have been set, taking into account the wages paid in the local labor market as well as firm-specific factors, such as a policy of paying efficiency wages, a policy of wage compression, and so on. Then the piece rate for the task will be set at WIN, so that a standard employee, working at a standard pace, will make a standard wage. leia todo o artigo
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